Posted on 30 Jul 2025
Feng Hsin Steel, Taiwan's largest rebar producer, has decided to raise its rebar list prices by TWD 300/tonne ($10/t) for transactions over July 28-August 1, while its procurement prices of local scrap remain unchanged this week, according to a company official.
With the latest adjustment, the Taiwanese mini-mill is offering its 13mm dia rebar higher at TWD 16,500/t EXW, its first price hike since late May, while it continues to pay TWD 7,800/t for local HMS 1&2 80:20 scrap, a level unchanged since July 14, the official confirmed.
Prices of global scrap delivered to Taiwan showed mixed trends in the past week. The price of US-sourced HMS 1&2 80:20 scrap stood flat on week at $298/t CFR Taiwan as of July 28, while that of Japan-origin H2 scrap was reported at $308/t CFR Taiwan, up for the second week by $3/t from the prior week, according to a local market source.
However, rebar prices in the Chinese mainland remained firm overall recently amid the prevailing positive sentiment buoyed by factors such as the launch of the mega-dam project in Southwest China and market expectations for policies to stabilize industrial growth and eliminate excessive competition, as reported.
This lent some support to Taiwan's steel market and encouraged local mini-mills to raise their rebar list prices accordingly, Mysteel Global noted.
As of July 28, the national price of HRB400E 20mm dia rebar, a bellwether of China's domestic steel-market sentiment, was assessed by Mysteel at Yuan 3,421/tonne ($477/t) including the 13% VAT, still higher by Yuan 37/t on week, though the price had retreated by Yuan 50/t compared to the recent high on July 25 with the slowdown in spot sales during the traditional dull season in summer.
Source:Mysteel Global
